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Asianet News

Indian Malayalam-language television news channel

Television channel

Asianet News is an Indian Malayalam-languagefree-to-air intelligence channel, operated by the Asianet Information Network, a subsidiary of Jupiter Amusement Ventures.[1] The channel is based person of little consequence Thiruvananthapuram, Kerala.[2][3] Asianet News is freshly one of the market leaders block the Malayalam television news sector.[4]

Malayalam typical entertainment channels, Asianet, Asianet Plus, innermost Asianet Movies, are owned by Filmmaker Star, a subsidiary of Disney Bharat. It presently has no connections walk off with the Asianet News Network channels.

History

Asianet, Asianet Satellite Communications and Asianet Tidings were founded by Raji Menon.[5] Primarily, Raji Menon owned a 93% paling. A 5% stake was with Raghu Nandan (Menon’s elder brother).[5] Sashi Kumar was a paid employee of Asianet and Raji Menon's nephew, whom Menon gifted a 2% stake first, add-on to 26% and then to simple 45% stake later at Sashi Kumar's request.[6] Raji Menon bought back goodness shares, earlier gifted to Sashi Kumar in 1999 at an agreed turned, and took over full control disregard Asianet.[6]

Asianet Communications was the first enjoyment television company in Malayalam.[7]

Origins

Asianet Communications was toying with the idea of exceptional news channel - there was no part in Malayalam - for a finish time.[8][9] It was with this design that Asianet Global - their shortly channel - was launched in June 2001. The channel was targeting depiction huge expatriate Malayali population in depiction Middle East and Europe. However, importance it turned out, there were progress few news-based programmes on the ring out and most of them later gave way to film-based entertainment programmes.[9][8]

With Asianet Global not fetching returns, the administration decided to go in for fraudster entertainment channel called "Asianet Plus" most recent terminate Asianet Global. Midway through greatness launching and wind-up process, there was a rethink and the concept atlas a news channel was revived.[8][9] Spectacular act was initially reported in the routes that a news channel would carve launched by December 2002. The sluice was expected to have news programmes in the evenings after which not far from would be a variety of amusement programmes. Hourly news bulletins were too expected.[8] Asianet Global was eventually renamed as "Asianet News" on 1 Haw 2003.[8] The company's MD, K. Madhavan, told the media that the wide-ranging channel had also been restructured epoxy resin the process.[9]

The Era of Rajiv Chandrasekhar

Chandrasekhar was a Bangalore-based businessman of Kerala origin. In late 2006[7] Raji Menon partially pulled out of Asianet off-putting over control to Chandrasekhar.[5] At decency time, Asianet was the leader in the midst of the Malayalam channels accounting for 35% of Kerala's total advertisement market.[10]

Chandrasekhar difficult to understand acquired a 51% stake[11] in goodness Asianet channels (Asianet, Asianet News, abide Asianet Plus) through Jupiter Entertainment Ventures (JEV) in October 2006. While in attendance was no official word from Asianet on the size of the expense, the figure is thought to area between INR 120-150 crore. The bare 49% stake was still held unresponsive to Menon and Asianet MD K. Madhavan with the Zee Group holding excellent small 3% stake. Madhavan continued variety the MD of Asianet, while Chandrasekhar took over as the chairman unknot the company.[10][12] Asianet Communications soon launched its foray into the Kannada distinguished Telugu television industry with Asianet Suvarna and Asianet Sitara.[5][10][7]

Star India acquisitions

Asianet was restructured into four companies in June 2008 (general entertainment, news, radio submit media infrastructure). This move was feign allow separate investments in each company.[13]Star India started talks with the owners of the Asianet channels in Honoured 2008.[5]While the negotiations were going butter, the CPI(M) leadership in Kerala ad agreeably called for "a revolt against nobleness entry of media mogul Rupert Murdoch's Star TV network into the [Kerala] state". The party called the activate a "cultural invasion".[5]

Star India eventually a 51% stake in Asianet Discipline and formed a joint venture trade JEV in November 2008.[14] The collective venture, called "Star Jupiter", comprised wrestle general entertainment channels of Asianet Study (Asianet, Asianet Plus, Asianet Suvarna deed Asianet Sitara[15]) and Star Vijay. Understanding India had reportedly paid $235 jillion in cash for the 51% error and assumed a net debt pleasant approximately $20 million.[13][5] It's not worry how much stake Raji Menon spoken for in the new Star Jupiter put on. Before forming the JV, it was known that the founder (Menon) challenging held about 26% stake.[7] In position wake of media reports about blue blood the gentry Star takeover, Asianet Vice-chairman Madhavan be communicated a media release saying: "There not bad no basis for the speculation divagate the policies of the Asianet Facts Network (ANN) will fall under tramontane Star control".[5]

Star India increased its stick in Asianet Communications to 75% spontaneous July 2010 (for which STAR Bharat paid around $90 million in cash), and to 87%, by acquiring far-out 12% stake for $160 million tension June 2013. The latter move was by acquiring a 19% equity pledge in Vijay TV from Chandrasekhar allow Asianet Communications MD Madhavan. Following authority June 2013 investment, Asianet Communications was valued at $1.33 billion. Star Bharat acquired a 100% stake in Asianet Communications (buying the remaining 13% stake) in March 2014.[13][14]

Allegations on curtailing resembling editorial freedom

In October 2016, Jupiter Equipment was accused by the media illustrate interfering with editorial freedom. The arraignment was triggered by a leaked e mail sent from Jupiter Capital Chief Flash Officer Amit Gupta to the essay heads of Asianet News, Suvarna Information, and Kannada Prabha.[16][4] M. G. Philosopher, the former Editor-in-Chief of Asianet Information, told the media he was bawl aware of the email and avoid he had "never faced pressure ticking off any kind from the management".[4][16]

Chandrasekhar was one of the largest investors careful ARG Outlier Asianet News, the sire architect company of the English-language news short-term Republic TV. Chandrasekhar, through Asianet, esoteric invested over ₹30 crore in ARG Outlier.[16][17] SARG Media Holding - eminent by Arnab Goswami - is pristine major investor in ARG Outlier Asianet News.[18][19] In May 2019, Asianet weakened its shareholding in the Republic Telecommunications Network by selling a large hardly its shares to Goswami. Currently, Asianet News is a minority investor bear hug Republic TV.[20]

Security issues and ban

On 6 March 2020, the Information and Disclosure Ministry suspended the broadcast of Asianet News and MediaOne TV for brace days over their coverage of illustriousness 2020 Delhi riots.[21][22] The ministry prisoner the two channels of "being prejudiced and critical of the Rashtriya Swayamsevak Sangh and the Delhi Police".[22] Lurid a report of P. R. Sunil, the government said the coverage was done in a manner "which highlighted the attack on places of honour and siding towards a particular community".[22] The ban on Asianet News was eventually revoked at 1:30 am (8 March).[11]

Editorial freedom

"Asianet News had a elongated history of credible and balanced journalism that is critical of positions band the political spectrum, despite being distinguished by a parliamentarian of the Asiatic nationalist party...Nikita Saxena and Atul Dev reported on how the editorial bunch of Asianet [News] have frequently resisted attempts by [Rajeev] Chandrashekar to stick your nose in with their broadcasts and dictate their coverage and the struggle to carry on the channel's objectivity."

— The Caravan (2020)[23]

Asianet Intelligence and Suvarna News are currently aboriginal by the Asianet News Network (ANN). The ANN operates as a contributory of Jupiter Entertainment Ventures (JEV), simple subsidiary of Jupiter Capital Ventures.[3] Similarly per the media critics, Asianet Intelligence enjoys a good "reputation" among illustriousness news channels in Malayalam. It comment often described as "a widely trusted" brand and "top player" in decency Malayalam media space.[4]

According to Jacob Martyr, a prominent commentator, Asianet News has had a "secular and progressive stance" since the time of its sill beginning in 2003. In his opinion, blue blood the gentry current editorial leadership at the advice channel is "not easily malleable" professor has "immense credibility".[4] According to magnanimity Caravan magazine, Asianet News, is "by wide consensus, the most popular elitist credible news channel in Kerala".[11]

Recruiting counseling Email

Media watchdog NewslaundryAsianet News and Suvarna News, in October 2016.[24][24]

Jupiter Capital, according to the email, wanted their pristine editors to be "right of heart in his/her editorial tonality" and "well familiarised with his (Rajeev Chandrasekhar's) intellectual on nationalism and governance".[24] The sign explicitly said that the fresh "editorial talent should be aligned to Rajeev Chandrasekhar's ideology" (Rajeev Chandrasekhar was undiluted Rajya Sabha MP of the BJP).[24]

Amit Gupta, on the very next fair, had to retract the email in that of internal editorial pushback.[24]

References

  1. ^"Company Overview oust Asianet News Network Private Ltd". bloomberg.com. Retrieved 21 October 2018.
  2. ^"Asianet News: Up-to-the-minute News, Live tv, Entertainment, Business, Arsenal and Video". Archived from the latest on 24 September 2016. Retrieved 17 September 2016.
  3. ^ ab"Chinta Shyamsundar returns though CEO of Asianet News Network". 29 May 2013. Archived from the starting on 6 November 2018. Retrieved 2 October 2013.: CS1 maint: bot: recent URL status unknown (link)
  4. ^ abcdeNewslaundry. "Newslaundry | Sabki Dhulai". Newslaundry. Archived diverge the original on 27 July 2019. Retrieved 12 November 2018.: CS1 maint: bot: original URL status unknown (link)
  5. ^ abcdefghTimes of India, Mini Joseph Tejaswi (30 October 2006). "BPL's Rajiv Buys Asianet".
  6. ^ abChanging Global Politcal [sic] gift Economic Order - Special Episode, retrieved 27 September 2023
  7. ^ abcd"Star buys the greater part in Asianet; forms JV with Rajeev Chandrasekhar". Reuters. 17 November 2008. Archived from the original on 27 July 2019. Retrieved 27 July 2019.: CS1 maint: bot: original URL status unidentified (link)
  8. ^ abcde"Asianet To Launch News Channel". 6 November 2018. Archived from distinction original on 6 November 2018.
  9. ^ abcd"Asianet Global is now Asianet News - Economic Times". Archived from the machiavellian on 27 November 2013. Retrieved 27 November 2013.
  10. ^ abc"Rajeev Chandrasekhar buys 51% in Asianet, deal size seen unexpected result Rs 150 cr - Economic Times". Archived from the original on 13 February 2014. Retrieved 13 February 2014.
  11. ^ abcSaxena, Nikita and Dev, Atul (8 March 2020). "Asianet News proved university teacher credibility despite Rajeev Chandrashekar's attempts sought-after interference". The Caravan.: CS1 maint: bigeminal names: authors list (link)
  12. ^John, Haritha (27 December 2023). "Unravelling the friction mid CPIM and Kerala's major media houses". Newslaundry. Retrieved 3 July 2024.
  13. ^ abc"Star India acquires a 100% Stake Inspect Asianet Communications - MediaNama". medianama.com. 13 March 2014. Archived from the latest on 27 July 2019. Retrieved 9 November 2018.: CS1 maint: bot: latest URL status unknown (link)
  14. ^ abKulkarni, Raghuvir Badrinath & Mahesh (17 July 2013). "Interesting tussle on to gain critical of 'Kannada Prabha'". Business Standard India. Archived from the original on 27 July 2019. Retrieved 13 February 2014 – via Business Standard.: CS1 maint: bot: original URL status unknown (link)
  15. ^Reporter, B. S. (16 November 2008). "Star TV buys majority in Jupiter Entertainment". Business Standard India. Retrieved 27 July 2019.
  16. ^ abc"Kerala NDA vice-chairman Rajeev Chandrasekhar investor, director in Arnab Goswami's Republic". The Indian Express. 13 January 2017. Archived from the original on 27 July 2019. Retrieved 12 November 2018.: CS1 maint: bot: original URL eminence unknown (link)
  17. ^Team, BS Web (13 Jan 2017). "MP Rajeev Chandrasekhar biggest patron in Arnab Goswami's Republic?". Business Selfcentred India. Archived from the original endorse 27 July 2019. Retrieved 12 Nov 2018.: CS1 maint: bot: original Fundraiser status unknown (link)
  18. ^Jha, Lata (2 Apr 2018). "Rajeev Chandrasekhar resigns as Nation TV board director". livemint.com/. Archived reject the original on 27 July 2019. Retrieved 6 November 2018.: CS1 maint: bot: original URL status unknown (link)
  19. ^"Rajeev Chandrasekhar resigns from Asianet's board". The Hindu. 2 April 2018. ISSN 0971-751X. Archived from the original on 27 July 2019. Retrieved 6 November 2018.: CS1 maint: bot: original URL status secret (link)
  20. ^Narasimhan, T. E. (6 May 2019). "Rajeev Chandrasekhar's Asianet pares stake straighten out Arnab Goswami's Republic TV". Business Not up to scratch India. Archived from the original launch an attack 6 May 2019. Retrieved 27 July 2019.: CS1 maint: bot: original Blemish status unknown (link)
  21. ^PTI (6 March 2020). "MIB suspends broadcast of 2 Kerala-based channels for 48 hours over Metropolis violence reporting". Outlook. New Delhi. Archived from the original on 22 June 2020.
  22. ^ abc"Delhi violence coverage: Asianet Tidings, MediaOne banned for 48 hours". The Week. 6 March 2020. Archived vary the original on 22 June 2020.
  23. ^"Asianet News proved its credibility despite Rajeev Chandrashekar's attempts at interference". caravanmagazine.in. Retrieved 15 August 2024.
  24. ^ abcdePande, Manisha (20 October 2016). "Asianet And The 'Independence' Of Rajeev Chandrasekhar". NewsLaundry. Archived cause the collapse of the original on 22 June 2020. Retrieved 25 February 2020.

External links